Feel Poorer Than 10 Years Ago?

Times are hard in Europe, despite the stock markets having returned to pre-crash levels and reasonably optimistic sentiment around about the future, the average working person in the UK is still not feeling too cheerful. A quick glance at the table below explains why. With few exceptions, price inflation has exploded while average salaries haven’t come close to the same level of increases. It can’t be that hard to create a more accurate measure of inflations, but then I imagine there is little political will to do so.